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Nov 30, 2012
11/12
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>> i think most people aren't focused on this, the payroll tax holiday will expire, so that's a 2% tax increase. but i don't think most people even realize they got the tax cut and it's one of the reasons why it will go away because policymakers aren't getting any credit for it. >> so if we they mathematically it will be a hit to gdp, is it going to be something that the economy gets knocked off course is this>> i think the final deal will have fiscal drag in it. the expiration of the payroll tax holiday will be part of that. emergency unemployment insurance program will expire. and of course that higher tax rate on upper income households. >> a lot of people will be without those job rest benefits. >> and if you look at all the stimulus that's been provided since the recession hit will, part of that is emergency unemployment insurance. yeah. so that's been a big part of it. it is winding down because unemployment in the united states is declining. and people have run out of time. >> how important was the ability to raise the debt limit without hitting the ceiling constantly? >> the de
>> i think most people aren't focused on this, the payroll tax holiday will expire, so that's a 2% tax increase. but i don't think most people even realize they got the tax cut and it's one of the reasons why it will go away because policymakers aren't getting any credit for it. >> so if we they mathematically it will be a hit to gdp, is it going to be something that the economy gets knocked off course is this>> i think the final deal will have fiscal drag in it. the...
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Dec 3, 2012
12/12
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but even then if you want to do tax cuts to stimulate the economy, why are we doing tax krets. that's been on the table forever. >> why do you think we're not? >> i honesti honestly don't kno. investment trax credits are things we have precedent for in the uk and other countries. they're business friendly. if you want to be business friendly, which most of us do, they're inherently temporary because you're trying to get people to move forward. >> it is strange when david cameron spoke last week, saying we're putting growth in every ministry, there is going to be a growth agenda. so all this talk, but not followed up. >> doesn't seem to be a company hair rent strategy at all. and i can't pretend to know what internal negotiations lead to that but a little bit of broadband hear and get off wealth incentive there is is not growth strategy. growth strategy is recognizing the uk has had an enormous shortfall of investment are and it existed even in the boom years. and has gotten worse since 2008. the financial system is a major part of it. and so you have to think about what it is t
but even then if you want to do tax cuts to stimulate the economy, why are we doing tax krets. that's been on the table forever. >> why do you think we're not? >> i honesti honestly don't kno. investment trax credits are things we have precedent for in the uk and other countries. they're business friendly. if you want to be business friendly, which most of us do, they're inherently temporary because you're trying to get people to move forward. >> it is strange when david...
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Dec 4, 2012
12/12
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the plan would generate $800 billion in into tnew tax revenu leaves the bush era tax cuts in place for everyone. it would cut $1.2 billion in discretionary planning. it raises the eligibility anyone for medicare and changes how cost of living increases can calculated. house officials suggest the two side where is continue to negotiate ways to avoid the year end fiscal cliff. and on that team, the president will meet with a group of u.s. governors. they'll discuss possible solutions to the fiscal cliff and how it will impact their states. the group is also expected to meet with house republicans later in the week. in corporate new, sprint nextel is reportedly out of the market for metro pcs. the company won't make a counteroffer. sprint announced japan and he softbank will buy up to a 70% stake in the company. reports suggest sprint believes going after metro pcs would complicate the regulatory review of the softbank deal. sprint stock in frankfurt up just a third of 1%. and service capital reportedly in talks to join the bid for night capital. it would include silver lake partners and
the plan would generate $800 billion in into tnew tax revenu leaves the bush era tax cuts in place for everyone. it would cut $1.2 billion in discretionary planning. it raises the eligibility anyone for medicare and changes how cost of living increases can calculated. house officials suggest the two side where is continue to negotiate ways to avoid the year end fiscal cliff. and on that team, the president will meet with a group of u.s. governors. they'll discuss possible solutions to the...
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Dec 6, 2012
12/12
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so we now have one of the lowest corporation tax rates of any major economy in the world. we've just cut it so that it will be 21%, much lower than our competitors. and we've also greatly increased the allowances for small and medium sized firms so they can invest and expand. so where we've been able to help businesses, we've absolutely done that, and we've had very positive reaction from the business community. >> how concerned are you about the aaa rating and the risk that we continue to drift, still need to cut more and boost growth? >> well, we've got to go on commanding the confidence of the world that we can deal with our debts. that is reflected in the very, very low interest rates that we get at the moment for gilts. and of course that's the test, how much are investors will to go pay for our money f debt. and it scheme that failed to solve the problem and funding for lending hasn't delivered yet. we thought we would get more details about a small business bank to help address this market failure. we didn't see that yesterday. and if you look at the wider picture,
so we now have one of the lowest corporation tax rates of any major economy in the world. we've just cut it so that it will be 21%, much lower than our competitors. and we've also greatly increased the allowances for small and medium sized firms so they can invest and expand. so where we've been able to help businesses, we've absolutely done that, and we've had very positive reaction from the business community. >> how concerned are you about the aaa rating and the risk that we continue...
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Dec 5, 2012
12/12
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making tax fun. that's interesting. >> that's what "worldwide exchange" can do for you. >> thank you, steve. more to come. still to come, democrats and republicans continue their fight for the upper hand on the fiscal cliff. house speaker john boehner's facing something of a revolt within gop's ranks over his budget plan. we'll have the latest from washington when we come back. >>> talks between the white house and republicans over the fiscal cliff have ran to something of a holt. john boehner dealing with division in the gop's ranks to his bung budget plan. another shanghai surprise. china's mainland market surge nearly 3%. more austerity. plus, austerity measures are hitting european consumers. retail sales in october fall much more than expected. september also revised sharply to the downside. >>> it was a flat day really for european stocks, slightly negative for u.s. stocks yesterday. we are a little bit higher. the dow is currently some 43 points above fair value. the nasdaq is around four poin
making tax fun. that's interesting. >> that's what "worldwide exchange" can do for you. >> thank you, steve. more to come. still to come, democrats and republicans continue their fight for the upper hand on the fiscal cliff. house speaker john boehner's facing something of a revolt within gop's ranks over his budget plan. we'll have the latest from washington when we come back. >>> talks between the white house and republicans over the fiscal cliff have ran to...
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Nov 29, 2012
11/12
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and the restoration party has reportedly vowed to cut corporate income taxes. two of japan's top high tech firms have decided to join forces in a bid to power up overseas rivals. more live from tokyo. in respect. >>> there will be a joint venture by january 2014. the integration will cover gas turbines and power systems mainly for thermal power plants as well as business but it will not include nuclear power operations. am sales of the new company is estimated to total around $13 billion, a close third in the global thermal power market. infrastructure demand continues to grow worldwide. shares surged following the nikkei report just before the bell. and that's all from me. back to you, kelly. >> thanks very much. samsung may have found a way to get a leg up defense japanese rivals on on the digital camera front. cheri has the details from seoul. >> yeah, samsung today took the wraps off its new android powered digital camera. the camera that has a smart phone like tendencies allows users to upload their photos to their favorite social networking site wirelessl
and the restoration party has reportedly vowed to cut corporate income taxes. two of japan's top high tech firms have decided to join forces in a bid to power up overseas rivals. more live from tokyo. in respect. >>> there will be a joint venture by january 2014. the integration will cover gas turbines and power systems mainly for thermal power plants as well as business but it will not include nuclear power operations. am sales of the new company is estimated to total around $13...
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Dec 7, 2012
12/12
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worried about having to pay more tax? hold your horses. you may be able to earn up to $300,000 and not have to hand over more cash to the irs. want to know how, head to cnbc.com to find out more. meanwhile what's on the agenda in the united states today, the jobs report and the first read on december consumer sentiment out at 9:55, forecast call for sentiment to slip done nearly three points from november and at 3:00 p.m., we get october consumer credit. we'll take a short break. still to come, italian parliament is in turmoil. berlusconi's party taken back support from the current government. but could this mean the return of the former prime minister to politics. we'll get more from our correspondent. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. ♪ mom? dad? guys? [ engine turns over ] [ engine revs ] ♪ he'll be fine. [ male anno
worried about having to pay more tax? hold your horses. you may be able to earn up to $300,000 and not have to hand over more cash to the irs. want to know how, head to cnbc.com to find out more. meanwhile what's on the agenda in the united states today, the jobs report and the first read on december consumer sentiment out at 9:55, forecast call for sentiment to slip done nearly three points from november and at 3:00 p.m., we get october consumer credit. we'll take a short break. still to come,...